Racine, WI home prices
Typical home $315,026 · +5.8% in a year · income needed $97,800
The Racine, WI metro area ranks 290 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.8% in a year and +32.2% over five years. With 20% down at 7.11%, the typical home costs about $2,281 a month including 1.63% property tax (Racine County rate).
Mortgage on the typical Racine home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $63,005 | $252,021 | $1,695 | $0 | $586 | $2,281 | $97,800 |
| 10% down | $31,503 | $283,523 | $1,907 | $118 | $586 | $2,611 | $111,900 |
| 5% down | $15,751 | $299,275 | $2,013 | $125 | $586 | $2,723 | $116,700 |
| 3.5% down (FHA) | $11,026 | $309,320 | $2,081 | $139 | $586 | $2,806 | $120,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.63% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Racine area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Racine County, WI | $315,015 | +5.8% | 1.63% |
What can you afford in Wisconsin on your salary? · Wisconsin home prices · Salaries in Wisconsin
Frequently asked questions
How much is a house in Racine?
The typical home in the Racine, WI metro area is worth $315,026 (Zillow, September 2026).
What salary do you need to buy a house in Racine?
About $97,800 a year for the typical home with 20% down at 7.11%.